Problematic Strategies To Avoid When Creating Passwords

Problematic Strategies To Avoid When Creating Passwords

It’s the only thing that stands between your personal information and a hacker: your password. We all know “1234” won’t do the trick anymore, but many of us still make mistakes when creating our online credentials.

What was once a short, simple means of protecting your computer has become a coveted set of keys to the virtual kingdom.

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We live much of our lives online and our passwords now protect everything from streaming services to social media accounts to bank accounts. While cyberattacks are becoming increasingly common and their methods have evolved, some of our questionable habits in making passwords have not.

The average online user is putting their personal information at risk in more ways than one, according to a recent study by about password strategies and security habits.

Seventy-two percent of people admit to recycling passwords, up to four times each. We tend to think of millennials as the most tech savvy generation, but they’re the most likely to reuse passwords, leaving room for some serious security pitfalls. When it comes to creating passwords, the old saying “out with the old, in with the new” applies perfectly.

Reusing a password may eliminate the headache of trying to remember it, but it also makes a hacker’s job even easier. If a password has been leaked before, a cybercriminal can simply use that same password to gain access to the user’s other accounts.

Data breaches and leaks make headlines frequently, even affecting big names like Google, 7-Eleven and British Airways. Thirty percent of people don’t even know their information has been leaked and remain unaware that their credentials have been compromised.

The selfless and usually harmless act of sharing your Netflix login with a friend becomes risky if you’re reusing the same password across several sites. 63% of users admit to recycling the same password for both entertainment sites and important sites.

Password manager applications like Lastpass and Dashlane seem to be the easy fix to our fleeting memories, but only 27% of people actually use them. The majority of users, especially millennials, tend to rely on their own memory to store passwords, even though 54% of people admit to forgetting them.

Using personal information as a password is another common way people are making themselves vulnerable online. Even though it can be easy to remember, personal information is commonly used and easy to crack. Still, one-third of people are still using their pet’s name, 27% used their birth year and 18% even used their first name.

Anyone who has been the target of a breach, hack or leak knows the results can be devastating and invasive. Hackers are getting smarter, and it’s time our passwords got smarter too.

How safe is your password keeping you online? Read up on some of the most common, problematic strategies to avoid when creating passwords in the infographic below.

Creating Passwords

Creating Passwords




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Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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